Eaton Corporation, plc Ordinary Shares (ETN) Correlation Distribution
Across 6,809 rolling correlation observations between Eaton Corporation, plc Ordinary Shares (ETN) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Misc Industrial & Commercial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 336 | 4.9% | |
| -0.8 to -0.7 | 335 | 4.9% | |
| -0.7 to -0.6 | 793 | 11.6% | |
| -0.6 to -0.5 | 793 | 11.6% | |
| -0.5 to -0.4 | 544 | 8.0% | |
| -0.4 to -0.3 | 543 | 8.0% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 288 | 4.2% | |
| -0.1 to 0.0 | 222 | 3.3% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 201 | 3.0% | |
| 0.5 to 0.6 | 246 | 3.6% | |
| 0.6 to 0.7 | 246 | 3.6% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 407 | 6.0% | |
| 0.9 to 1.0 | 340 | 5.0% |
Frequently asked questions
What is the average correlation of ETN?
Eaton Corporation, plc Ordinary Shares (ETN) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ETN positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for ETN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for ETN.
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